- Trading Screen Product Name
- Propane Argus/Naphtha Diff Futures
- Trading Screen Hub Name
- Far East/Naphtha C&F Japan
- Contract Symbol
ARR
- Settlement Method
Cash settlement
- Contract Size
1,000 metric tonnes
- Currency
US Dollars and cents
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Listing Cycle
Up to 72 consecutive monthly Contract Periods
- Last Trading Day
Last Trading Day of the contract month
- Final Settlement
The average of the Reference Price A prices minus the average of
the Reference Price B prices. Non-common pricing applies.
- REFERENCE PRICE A
NGL-PROPANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG
- a) Ref Price A - Description
"NGL-PROPANE (FAR EAST INDEX)-ARGUS INTERNATIONAL LPG " means that
the price for a Pricing Date will be that day's Specified Price per
tonne of propane, stated in U.S. Dollars, published under the
heading "Asia-Pacific: Refrigerated cargoes: Argus Far East
Index™ (AFEI™): Propane" in the issue of Argus
International LPG that reports prices effective on that Pricing
Date.
- b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
Price
- d) Ref Price A - Pricing calendar
Argus International LPG
- e) Ref Price A - Delivery Date
Contract month
- REFERENCE PRICE B
NAPHTHA-PHYSICAL-OIL ASSESSMENTS C+F JAPAN-PLATTS ASIA-PACIFIC/ARAB
GULF MARKETSCAN
- a) Ref Price B - Description
"NAPHTHA-PHYSICAL-OIL ASSESSMENTS C+F JAPAN-PLATTS
ASIA-PACIFIC/ARAB GULF MARKETSCAN" means that the price for a
Pricing Date will be that day's Specified Price per metric tonne of
naphtha, stated in U.S. Dollars, published under the heading "Japan
physical oil assessments: C+F Japan ($/mt): Naphtha" in the issue
of Platts Asia-Pacific/Arab Gulf Marketscan that reports prices
effective on that Pricing Date.
- b) Ref Price B - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price B - Specified Price
Price
- d) Ref Price B - Pricing Calendar
Platts Asia-Pacific/Arab Gulf Marketscan
- e) Ref Price B - Delivery Date
Contract month
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU